Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Xetra  >  ThyssenKrupp AG    TKA   DE0007500001

Delayed Quote. Delayed  - 09/29 05:35:06 pm
21.265 EUR   +0.78%
09/29 THYSSENKRUPP : and Microsoft revolutionize urban mobility in Spain w..
09/21 ELCORA ADVANCED : Appoints New General Manager at Sakura - Ragedara ..
09/20 ELCORA ADVANCED : Appoints New General Manager at Sakura
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Outokumpu Submits Alternative Proposal to EU on Inoxum Deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/01/2012 | 10:10am CEST

STOCKHOLM--Finnish steel company Outokumpu Oyj (OUT1V.HE) said Monday it is submitting a new proposal to the European Commission related to its intended acquisition of Inoxum, the stainless steel unit of Germany's ThyssenKrupp AG (>> ThyssenKrupp AG).

The commission has told Outokumpu that an initial remedy proposal announced on Sept. 20, which included the divestment of its Swedish melting and coil operations, may not be sufficient to permit the approval of the Inoxum deal.

Outokumpu is therefore submitting a new remedy proposal under which the Inoxum stainless steel mill in Terni, Italy would be divested, and selected European service centers would not be part of the merged group.

"Strategic importance and our commitment to the Inoxum transaction remain unchanged despite the EU Commission's new demands," said Mika Seitovirta, Outokumpu's chief executive.

In January this year, the company announced that it intended to buy Inoxum for 2.7 billion euros ($3.54 billion), but the EU Commission said approval for the proposed acquisition would require Outokumpu to divest part of the combined operations of Inoxum and Outokumpu.

On Sept. 20, Outokumpu proposed the divestiture of its Swedish melting and coil operations in Avesta, Nyby and Kloster, as well as part of its European sales network. The proposal also included additional cold rolling capacity to be added in Avesta.

The commission is expected to promptly commence market testing to form a view on the suitability of this alternative remedy, the Finnish company said. No definitive agreements or decisions have been reached at this time.

The commission's review process is expected to continue until Nov. 16 and Outokumpu is aiming to finalize the transaction by the end of 2012.

Write to Christina Zander at christina.zander@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : ThyssenKrupp AG
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on THYSSENKRUPP AG
09/29 THYSSENKRUPP : and Microsoft revolutionize urban mobility in Spain with world&rs..
09/26 TATA STEEL : Set for trade union talks in uk
09/21 ELCORA ADVANCED MATERIALS : Appoints New General Manager at Sakura - Ragedara Mi..
09/20 ELCORA ADVANCED MATERIALS : Appoints New General Manager at Sakura
09/20 ELCORA ADVANCED MATERIALS : Appoints New General Manager at Sakura - Ragedara Mi..
09/19 HOLOLENS : the virtual reality headset for elevator repair
09/19 THYSSENKRUPP : Acquires 26.87% in Companhia Siderurgica from Vale
09/18 THYSSENKRUPP : introduces novel technology in elevators
09/17 THYSSENKRUPP : AMC for Elevator - THYSSENKRUPP
09/16 THYSSENKRUPP : Hamilton manufacturer hiring 65 new employees
More news
Sector news : Steel - NEC
09/29DJVale, Mitsui Agree on New Terms for Sale of Some Mozambique Assets
09/27DJSamarco Mineraç ã o Bonds Plummet After Missed Interest Payment
09/23 ANGLO AMERICAN : names new finance director
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
09/23DJAnglo American Appoints Fortescue's Stephen Pearce as CFO
More sector news : Steel - NEC
News from SeekingAlpha
08/12 ThyssenKrupp posts Q3 profit beat, says Brexit will not affect Tata talks
08/12 ThyssenKrupp's (TYEKF) CEO Heinrich Hiesinger on Q2 2016 Results - Earnings C..
08/11 ThyssenKrupp AG reports FQ3 results
07/11 ThyssenKrupp in talks with Tata Steel about European steel plants
07/01 LATIN AMERICA'S MORNING ESPRESSO : July 1
Advertisement
Financials (€)
Sales 2016 40 073 M
EBIT 2016 1 437 M
Net income 2016 398 M
Debt 2016 4 638 M
Yield 2016 0,92%
P/E ratio 2016 27,83
P/E ratio 2017 13,76
EV / Sales 2016 0,41x
EV / Sales 2017 0,39x
Capitalization 11 941 M
More Financials
Chart THYSSENKRUPP AG
Duration : Period :
ThyssenKrupp AG Technical Analysis Chart | TKA | DE0007500001 | 4-Traders
Full-screen chart
Technical analysis trends THYSSENKRUPP AG
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 23,2 €
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Heinrich Hiesinger Chief Executive Officer
Ulrich Lehner Chairman-Supervisory Board
Guido Kerkhoff Chief Financial Officer
Martin Holz Chief Information Officer
Bernhard Pellens Independent Member-Supervisory Board
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
THYSSENKRUPP AG15.05%13 406
VALE SA48.10%28 158
NIPPON STEEL & SUMITOM..-12.27%18 862
ARCELORMITTAL79.60%18 652
POSCO--.--%18 209
NUCOR CORPORATION23.40%15 832
More Results